other_material
confidence high
sentiment neutral
materiality 0.65
Terra Innovatum sets executive compensation agreements with CEO/CSO/COO; subsidiary bonuses for Nasdaq listing
Terra Innovatum Global N.V.
- CEO Petruzzi: 2025 fixed €500k, 2026 fixed €558k; CSO Morichi: 2025 €400k, 2026 €450k; COO Frepoli: 2025 €450k, 2026 €500k.
- Change-in-control severance: lump sum equal to 18 months fixed compensation plus target MBO bonus, plus accelerated vesting.
- Subsidiary bonuses for successful business combination and Nasdaq listing: Petruzzi €130,374, Frepoli €116,832, Morichi €105,144, others.
- Additional subsidiary payments: Petruzzi, Cherubini, and Frepoli each €75,000; Cherubini and Frepoli also each €47,700.